Growth Metrics

Carrier Global (CARR) Operating Expenses (2019 - 2026)

Carrier Global (CARR) reported Operating Expenses of $5.1 billion for Q1 2026, up 9.58% year-over-year from $4.7 billion in Q1 2025, and up 6.65% on a QoQ basis from $4.8 billion in Q4 2025.

Carrier Global (CARR) has 8 years of Operating Expenses data on file, last reported at $5.1 billion in Q1 2026.

  • Quarterly Operating Expenses rose 9.58% year-over-year to $5.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $20.3 billion (up 1.38% YoY) and the FY2025 annual result came in at $19.8 billion, down 2.69% from the prior year.
  • Operating Expenses advanced to $5.1 billion in Q1 2026 per CARR's latest filing, from $4.8 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $5.3 billion in Q2 2025 and bottomed at $2.1 billion in Q4 2022.
  • The 5-year median for Operating Expenses is $4.8 billion (2024), against an average of $4.6 billion.
  • The widest annual swing landed in 2022, when Operating Expenses sank 56.41%; it then jumped 98.15% in 2023.
  • Tracing CARR's Operating Expenses over 5 years: stood at $2.1 billion in 2022, then soared by 98.15% to $4.1 billion in 2023, then grew by 17.06% to $4.8 billion in 2024, then climbed by 0.29% to $4.8 billion in 2025, then rose by 6.65% to $5.1 billion in 2026.
  • Per Business Quant, the three latest CARR Operating Expenses figures stand at $5.1 billion (Q1 2026), $4.8 billion (Q4 2025), and $5.1 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Trane Technologies 99.95 Bn 98.89 Bn 1.73 Bn 952.00 Mn
2 Johnson Controls International 84.54 Bn 84.01 Bn 2.07 Bn 1.22 Bn
3 Carrier Global 52.72 Bn 51.70 Bn 4.82 Bn 5.10 Bn
4 Lennox International 16.87 Bn 16.82 Bn 351.30 Mn 185.20 Mn
5 Masco 13.72 Bn 13.60 Bn 686.00 Mn 369.00 Mn
6 Carlisle Companies 13.62 Bn 12.85 Bn 363.20 Mn 183.90 Mn
7 Aaon 10.97 Bn 10.97 Bn 109.77 Mn 65.81 Mn
8 SPX Technologies 10.37 Bn 10.22 Bn 230.60 Mn 14.50 Mn
9 Advanced Drainage Systems 10.34 Bn 10.19 Bn 237.66 Mn -
10 Owens Corning 9.48 Bn 9.24 Bn 510.00 Mn 390.00 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 5.10 Bn
Dec 31, 2025 4.78 Bn
Sep 30, 2025 5.08 Bn
Jun 30, 2025 5.32 Bn
Mar 31, 2025 4.66 Bn
Dec 31, 2024 4.77 Bn
Sep 30, 2024 5.28 Bn
Jun 30, 2024 5.31 Bn
Mar 31, 2024 5.03 Bn
Dec 31, 2023 4.07 Bn
Sep 30, 2023 4.24 Bn
Jun 30, 2023 5.17 Bn
Mar 31, 2023 4.76 Bn
Dec 31, 2022 2.06 Bn
Sep 30, 2022 4.74 Bn
Jun 30, 2022 4.50 Bn
Mar 31, 2022 4.09 Bn
Dec 31, 2021 4.72 Bn
Sep 30, 2021 4.61 Bn
Jun 30, 2021 4.76 Bn
Mar 31, 2021 4.17 Bn
Dec 31, 2020 4.25 Bn
Sep 30, 2020 4.22 Bn
Jun 30, 2020 3.56 Bn
Mar 31, 2020 3.56 Bn
Dec 31, 2019 4.02 Bn
Sep 30, 2019 4.18 Bn
Jun 30, 2019 4.27 Bn
Mar 31, 2019 3.88 Bn